Tail Risk Hedging: Theory and Practice is essential reading for investors who want to improve their understanding of this investment strategy and its role and place in institutional portfolios in order to choose successful asset allocation, portfolio construction and hedging strategies. Since the global financial crisis, investors have been faced with the difficult question of how to generate returns in a more uncertain and volatile environment while controlling the potential downside. Traditional risk control methods such as diversification have been shown to have limits and as a result tail risk hedging has emerged as one possible answer, with several investment managers reporting the tail risk hedging business to be their fastest area of asset growth in the wake of the crisis. This is the first ever edited volume on tail risk hedging, which can serve as a primer and an authoritative guide for institutional investors. Edited by leading experts in the area Andrew Rozanov and Ryan McRandal, based at Permal and Peters Capital Group respectively, the book brings together a representative cross-section of views from practitioners who are active in the space. Chapters include: - An Introduction to Tail Risk Hedging - Strategic Tail Risk Management: a Pension Fund s Perspective - An Asset Allocator s Approach to Tail Risk Hedging - A Systematic Approach to Tail Risk Hedging

Tail Risk Hedging: Theory and Practice

Andrew Rozanov

Ryan McRandal

Risk Books

Global macro is a hedge fund strategy that bases its holdings - such as long and short positions in various equity, fixed income, currency, and commodities markets - primarily on top-down macroeconomic and political views of individual countries and asset classes. In the aftermath of the global financial crisis of 2007-09, global macro was one of the few investment strategies that delivered positive returns. Since then global markets have been driven almost solely by macroeconomic decision making; more so than at any time in recent years. Global Macro: Theory and Practice, edited by industry expert Andrew Rozanov, is the first comprehensive handbook and authoritative guide focusing exclusively on global macro strategies, designed for use by investment professionals involved in constructing and managing institutional portfolios. The book examines different strategies within the global macro sector, focusing on their unique risk-return characteristics and their role and place in an institutional portfolio. With contributions from a cross section of leading industry practitioners, chapters include:The Role of a Global Macro Strategist Emerging Markets in Global Macro Investing A Prime Broker s Perspective Systematic Strategies: A Quantitative Approach to Global Macro A Fund of Hedge Fund s Perspective The authoritative guide and reference tool for global macro investing, this book is essential for anyone who wants to be better informed when they make their asset allocation, portfolio construction and hedge fund selection decisions.

Global Macro: Theory and Practice

See the best price to sell, buy, or rent books by Andrew Rozanov. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Andrew Rozanov

See the best price to sell, buy, or rent books by Andrew Rozanov. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Tail Risk Hedging: Theory and Practice

Global Macro: Theory and Practice